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O’Leary nets £26m in share sale
Saturday, 08 Jun, 2005
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Ryanair boss Michael O’Leary has bagged £26 million through the sale of shares in the airline.
He is reported to have offloaded six million shares at 6.50 euros each to raise 39 million euros (£26m).
The chief executive of the Irish no-frills carrier retains 4.6% of the airline and is still the largest individual shareholder, the Financial Times reports.
He has sold shares in five of the past six years to raise 192.7 million euros, making him one of the richest men in Ireland, the newspaper says.
Report by Phil Davies
Phil Davies
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